How long does a Housing Choice Voucher (HCV) typically pay a NACA mortgage?

A Housing Choice Voucher (HCV) typically pays a NACA mortgage for a duration of 15 years. This aligns with the program's structure to support low- to moderate-income households in achieving homeownership. During this 15-year period, the voucher assists in making mortgage payments more affordable, providing a critical financial cushion as new homeowners acclimate to their financial responsibilities.

This length of support is designed to help buyers transition into stable homeowners while integrating into their communities. After the 15 years expire, the homeowner would be responsible for making the full mortgage payments without the assistance of the voucher. Thus, understanding this duration is essential for prospective homebuyers participating in NACA's program as it affects their long-term financial planning.